about us
PURCHASING WITH CONFIDENCE
United Midwest Savings Bank’s Retail Lending division has a long history in consumer credit and sales financing. Originally, operating as First Mutual Financial, the lending office opened in the Cleveland, Ohio area in 1949. First Mutual became a subsidiary of then Midwest Savings Bank in 1996, and started separate division, Piano Credit Company, to handle the growing piano loan business. In 2011, First Mutual Finance was officially renamed United Midwest Savings Bank (Piano Credit Company continues to operate as a division). Purchase with ease and confidence--we have over 70 years of experience of providing financing options to dealers and lending to customers like you.
Since 1889, United Midwest has offered a varying range of banking and financial services to several community and business groups. Our products, services, and expertise have the feel of a small community bank, but the reach of a national brand. We at United Midwest Savings Bank are proud of the responsible, ethical manner in which our company has operated since its opening.
PRODUCTS We finance
dealer benefits
Free to Enroll
No cost to enroll; fast and simple process.
Increased Purchasing Power
Consumer financing is more than a method of payment. It’s a tool to help maximize purchase power and upsell consumers to the highest quality merchandise for each budget.
Website and Shopping Cart Integration
We offer a number of e-commerce integration solutions that are easily installed to ensure the best fit for your online retail solution.
Next-Day Funding
Depending on when we receive loan documents, the dealer will receive funding the next business day. Documents received after hours or on weekends will be funded on the following business day.
Variety of Promotional Programs Available
A number of different promotional financing programs are available to attract and motivate your best customers to purchase today. Options such as Same as Cash, 0% Annual Percentage Rate, interest rate buydowns, etc. can be made to fit your goals and budget.
Fast and Efficient Transaction Processing
Transactions take just a few minutes to process with much of the approvals provided automatically.
Benefits of Financing with Us
Competitive Fixed Interest Rates
Our APRs (Annual Percentage Rates) are NOT risk based, which means they are always fixed and, most of the time, better than a credit card.
Low Monthly Payments
Depending on the amount financed and the length of the term, we can offer low payments to help meet your customer's budget needs.
No Pre-Payment Penalty
There is no fee for paying off any of our loans early. Any payment made that is greater than the regular monthly amount is applied directly to the principal.
Pre-Approvals
Customers can apply from a QR code in your store or online banner, in the privacy of their home. UMW performs a "soft pull" to prequalify your customer for credit approval and to make an offer. This soft pull does not affect the customer's credit score unless the sale is completed and funded.